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India’s DLF sells non-core assets to raise funds for reducing debt

Posted on 15 July 2009

From Livemint.com: India’s largest developer by market value, DLF Ltd, has raised Rs1,000 crore ($803 million) through the sale of hotel plots and will raise another Rs1,900 crore ($396 million) by the end of this fiscal year through the sale of more such plots and its wind power business, a senior executive said.
The company has sold hotel plots in Vadodara, Mumbai and Gurgaon, said Rajiv Talwar, group executive director of DLF, on the sidelines of a conference organized by industry lobby Confederation of Indian Industry…….Full Article: Source


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